Vaccine Adjuvants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2026
Albany, NY -- (SBWIRE) -- 08/16/2017 -- The prime objective of vaccination is to generate a strong immune response to the administered antigen so that it can deliver strong protection against infection. The addition of adjuvants to the vaccines is required to achieve this goal. Adjuvants are the special compounds which have been used since decade to increase the specific response against antigens. Adjuvant has become an important component for most of the clinically used vaccines. Aluminum salts have been used safely in the vaccines for almost a century and have become partially successful in promoting the protective immunity. There has been a lot of developments done on the antigen discovery over the past decade which has enhanced the vaccine development process.
The vaccine adjuvants are being driven by the factors such as high prevalence of zoonotic and infectious diseases, growing focus on improved and long-lasting vaccination against existing and emerging diseases. Various government bodies are focusing on immunization programs which are also expected to drive the demand for vaccine adjuvants. The importance of adjuvant research in vaccine development has increased significantly due to the limited immunogenicity of new and novel vaccine antigens.
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Some vaccines containing new adjuvant formulations are gradually reaching advanced development stages, this is expected to provide a new tool to fill earlier unmet clinical requirements. However, many adjuvants fail during the product development due to the factors such as lack of effectiveness, stability, unacceptable levels of tolerability, safety concerns, or manufacturability. The increasing use of synthetic vaccines and recombinant subunit are also projected to drive the global vaccine adjuvants market over the forecast period.
The side effects of high toxicity adjuvants, high cost for developing a new adjuvant, strict regulatory concerns regarding the use of highly toxic adjuvants are some of the restraints of the market. The lack of scientific awareness of the adjuvants among some developing regions is also expected to act as a restraint on the growth of vaccine adjuvants market over the forecast period.
The global vaccine adjuvants market can be segmented on the basis of product type as particulate, emulsions, pathogen, and saponin. Among this particulate type segment is expected to account for the largest segment in global vaccine adjuvant market. On the basis of application, the global vaccine adjuvant market can be segmented into research and commercial segments.
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The global Vaccine Adjuvants Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). The global vaccine adjuvants market is dominated by North America region followed by Western Europe, and APEJ region. The APEJ region is expected to grow at a higher CAGR due to the rising population and increasing incidences of diseases during the forecast period. The growth in the Latin America market is attributed to the increasing initiatives by government bodies and companies and the increased use of vaccines adjuvants commercially.
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